Increases and Extends Trade Receivables Securitization Program for Fortune 100 Client

Finacity Corporation announced that it successfully upsized and extended a significant trade receivables securitization transaction for one of its clients, a Fortune 100 Company, on November 30, 2004. The funding program was rolled over for a third year and increased to $70 million in funding availability. The initial facility, first funded in 2002, started at $40 million and included domestically originated receivables from obligors in Latin America and the Middle East, sold from one division. In addition to the original assets, the upsized transaction now includes receivables from obligors in the US and Canada which purchase from a second product division and through two other selling subsidiaries of Finacity’s client.

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Press Release

Sep 2020

Finacity Arranges a EUR 60 million Receivables Securitization Facility for Kongsberg Automotive ASA

Finacity Corporation (“Finacity”) announces the closing of a trade receivables securitization program for Kongsberg Automotive ASA [OB: KOA] (“Kongsberg Automotive”), the Norwegian supplier to the global automotive industry. The securitization program finances trade receivables originated by the company’s businesses in the US, Canada, France, Poland and Slovakia.

Press Release

May 2020

Finacity Arranges Receivables Securitization for Startek, Inc.

Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the close of a trade receivables securitization program for Startek, Inc. (“Startek”) in April 2020. The securitization program finances receivables originated by Startek’s entities in the United States.

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